Teck Resources Ltd (NYSE: TECK) is -8.04% lower on its value in year-to-date trading and has touched a low of $28.32 and a high of $54.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TECK stock was last observed hovering at around $37.06 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $37.27, the stock is 2.07% and 5.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing 0.57% at the moment leaves the stock -12.66% off its SMA200. TECK registered -27.82% loss for a year compared to 6-month loss of -20.16%. The firm has a 50-day simple moving average (SMA 50) of $35.4854 and a 200-day simple moving average (SMA200) of $42.7087.
The stock witnessed a 6.82% gain in the last 1 month and extending the period to 3 months gives it a -10.28%, and is -0.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.00% over the week and 2.19% over the month.
Teck Resources Ltd (TECK) has around 7200 employees, a market worth around $18.56B and $8.51B in sales. Current P/E ratio is 78.41 and Fwd P/E is 20.65. Profit margin for the company is 2.79%. Distance from 52-week low is 31.60% and -31.15% from its 52-week high. The company has generated returns on investments over the last 12 months (0.97%).
The EPS is expected to shrink by -18.38% this year
781.0 institutions hold shares in Teck Resources Ltd (TECK), with institutional investors hold 78.21% of the company’s shares. The shares outstanding are 500.30M, and float is at 478.98M with Short Float at 2.11%. Institutions hold 77.71% of the Float.
The top institutional shareholder in the company is FIL LTD with over 19.32 million shares valued at $$925.73 million. The investor’s holdings represent 3.7236 of the TECK Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 18.42 million shares valued at $$882.5 million to account for 3.5512 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 16.97 million shares representing 3.271 and valued at over $$812.86 million, while AMUNDI holds 2.379 of the shares totaling 12.34 million with a market value of $$618.24 million.
